Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1: Under what management function would the motivation employees fall? Options:
  A) Staffing
  B) Controlling
  C) Organizing
  D) Directing
  Show Answer
  The correct answer is A .
• Question 2: The financial instrument that entitles the holder to receive dividend and capital gains is a? Options:
  A) share
  B) bond
  C) bill of exchange
  D) treasury bill
  Show Answer
  The correct answer is A .
• Question 3:

  Which of the following is not a component of the marketing mix?

  Options:
  A) product
  B) production
  C) promotion
  D) place
  Show Answer
  The correct answer is B .
• Question 4: Which of the following is a limitation of division of labour? Options:
  A) Decline in craftmanship
  B) Monotony of work
  C) Reduction in output
  D) Reduction in labour force
  Show Answer
  The correct answer is D .
• Question 5: The distribution of petroleum products in Nigeria is through Options:
  A) rail
  B) road
  C) sea
  D) air
  Show Answer
  The correct answer is D .
• Question 6: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 7:

  A proforma invoice is not required when

  Options:
  A) quoting for the supply of good
  B) dealing regularly with a customer
  C) goods are sent on approval
  D) final prices are uncertain
  Show Answer
  The correct answer is B .
• Question 8: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 9: Warehousing is a productive function because it increase the Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is A .
• Question 10: The direct authority of a superior over his subordinate is known as Options:
  A) staff authority
  B) line authority
  C) line and staff authority
  D) office authority
  Show Answer
  The correct answer is B .